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The case between the Attorney General of River State v Federal Inland Revenue Service (FIRS) and Anor has become a highly controversial one.

As the 30 June Transfer Pricing (TP) returns filing deadline approaches, taxpayers and consultants are occupied with ensuring that their Related Party Transactions (RPTs) are well-documented...

The Mutual Agreement Procedure is a means by which the competent authorities of contracting parties under a double taxation agreement resolve disputes that relate to the application of the DTA.

In recent times, Startups have increasingly offered stocks as a valuable way of remunerating and motivating their employees to work towards achieving long-term corporate goals.

Flaring of associated gas during oil production significantly impacts a nation's environment, health, and finances.

Pursuant to the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024 ("Fiscal Incentives Order"), the Minister of Finance (the "Minister"), on October 3, 2024, issued a Notice of Tax Incentives on Deep Offshore Oil and Gas Production...

The Finance Act 2021(the "FA 2021") introduced changes that could have significant implications for the Nigerian capital markets and real estate sectors. In this publication, we have addressed...

The Honourable Minister of Finance, Budget and National Planning recently issued the Companies Income Tax (Significant Economic Presence) Order, 2020 ("the Order"). The Order, which is effective 3rd February, 2020, defines the ...

The Bill was initially introduced to the Senate on 8 March 2022 for first reading.

All over the world, tertiary health care institutions are considered as hospitals where state-of-the- art infrastructure exists for investigation and treatment of complex medical ailments, ...

Fund repatriation plays a vital role in shaping a country's investment climate and broader economic health. For many nations, especially those reliant on foreign direct investment...

The ability to claim input Value Added Tax (VAT) has been a contentious issue in the power sector since privatization.

In February 2018, Nigeria's President signed the Presidential Executive Order for Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering...

Paragraph 26 of the Third Schedule to the Personal I e Tax Act (PITA), 2011 as amended exempts "any compensation for loss of employment" from tax under the PITA.

The Tax Appeal Tribunal, Lagos Zone (TAT or the Tribunal) on the 15th of April 2016 delivered a landmark judgment in favour of Star Deep Water Petroleum Limited (Star Deep).

The Court of Appeal (CoA), on 24 June 2019, upheld the decision of the Federal High Court (FHC), in the case between Vodacom Business Nigeria Limited (‘Vodacom' or ‘Appellant') and Federal Inland Revenue Service...

On 11 December 2018, the Court of Appeal, in the case between Best Children International Schools Limited, held that the Company is liable to Companies Income Tax, regardless of its claim to be an educational institution.